PBOC cuts Loan Prime Rates in May, as expected
FXStreetMay 20, 2025 2:37 AM
The People’s Bank of China (PBOC), China's central bank, announced a cut in its Loan Prime Rates (LPRs) on Tuesday. The one-year LPR was cut from 3.1% to 3.00%, while the five-year LPR was cut from 3.60% to 3.50%.
Market reaction
At the time of writing, the AUD/USD pair is trading 0.15% lower on the day to trade at 0.6448.
Reviewed byJane Zhang
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